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treasury secretary. big job. he want jack lew to replace timothy geithner. lew has been a budget director for president obama and former president clinton. he also has experience with banks. the former chief operating officer for city groi group. he has a wife and two children. ali, good to see you, my friend. lew is considered a budget whiz as we were discussing yesterday. >> yeah. >> a seclude negotiator if you like. quality that will come in handy when he takes on the negotiations with congress on the debt, reining in spending. tell us what you know about his negotiating style. >> i'll tell you, the one problem is that the white house in general has not been seen as the most successful group of negotiator. being the chief of staff to president obama might be seen as a bit partisan for the job. let me tell you, four years ago, michael, the world was in a financial crisis, it all circulated around banks and credit and central banks. timothy geithner was the guy for the job. head of the federal reserve. he was in the room when they decided to let lehman brothers fail. he knew what was goi
obama making another cabinet pick. the president will nominate white house chief of staff jack lew to replace timothy geithner as treasury secretary. tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the road? >> very well could be. we have been trying to nail it down
tim geithner at the treasury department. how jack lew's influence will impact your wallet. >>> plus, lance armstrong, heading to oprah. but will he confess to doping? my next guest calls it ridiculous. don't miss it. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ and save hundreds with our best offer. get an adt security system starting at just $49 installed, but for a limited time only. that's an instant savings of $250. don't leave your family's safety to chance when you can take advantage of these savings now. call or visit adt.com/tv. both: i had a break-in. man: by the time we called the police, there wasn't much they could do. i felt so helpless. adt quickly called the police. i felt like it was over right away. feels like it's still not over. we lost our digital photos, financial records, things that insurance simply can't replace. [ male announcer ] protect yourself with the fast
will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he has talked about as a trusted confidante, someone who has worked very hard in trying to right the ailing economy. according to this source, the president expected to nominate him to be the next treasury secretary, and that announcement expected sometime this week. >> all right. well, thank you for that, dan. and nice quick work, i might add as well. and by the way, for our audience who might not know a lot about jack lew, the white house chief of staff, there is actually a very extensive background on this man. he has been the leading contender. without further ado, have a listen to all of the things this man has done. >> reporter: jack lew is a key washington insider,
that president obama had plans to nominate his chief of staff, jack lew, for treasury secretary. now, the official announcement will be made at 1:30 p.m. eastern today. if confirmed, lew would succeed timothy geithner, the last member of the original economic team that took office four years ago. that was, of course, you'll remember, at the height of the world economic crisis. dan lothian joins us live at the the white house. boy, did you ever have the news yesterday. you were the first on the air with it. what's the reaction been, though. you know it doesn't take long before the knives comes out. >> reporter: it doesn't. the white house still believing he is the strongest candidate to succeed timothy guieithner. talking about his extensive experience at citigroup and serving in the public sector as the budget chief and with former president bill clinton during a time when they balanced the federal budget. so when you put that together with being around in this administration during a difficult fiscal time and the fiscal challenges with the debt ceiling, he is the right person for th
for a second. john kerry, chuck hagel and now jack lew who could become part of the second term cabinet. the question is, where are the women? gloria borger has thoughts. >> we are here! >> we're next. (dog) larry,larry,larrryyy. why take exercise so seriously,when it can be fun? push-ups or sprints? what's wrong with fetch? or chase? let's do this larry! ooh, i got it, i got it! (narrator) the calorie-smart nutrition in beneful healthy weight... includes grains and real chicken, because a healthy dog is a playful dog. beneful healthy weight. find us on facebook to help put more play in your day. . >>> the president's labor secretary announced her resignation yesterday. the same day it just so happened that this photograph appeared on the front of the "new york times." take a look with me. take a long look. all men. so it appears at this fiscal cliff meeting convened by the president. you look closely enough and you can see the leg of white house adviser valerie jarrett. that is valerie jarrett's leg obscured by the man in corduroys. today democrat charlie rangle is quoted as saying it
of staff, jack lew, to be treasury secretary. >>> last night, hilda solis resigned shchlt resigned. she is expected to leave her post this month. >>> when you hear the boss, the first person you think of is bruce springsteen. not "time" magazine who have chris christie on their cover. here is how he reported. >> i am reporting "time" magazine to the anti-italian defamation league. look at that thing. come on. >> it makes you look like tony soprano. >> i can't wait for that to come home for my kids to see it. >> kristy poking a little fun about his latest turn in the spotlight. jim acosta explains, kristy's blunt style sometimes put the rec can powerhouse at odds with members of his own party. >> from making the rounds on the morning talk shows to landed on the cover of "time" magazine and dubbed the boss, chris christie just might be the next big thing for a republican party that's shrinking in stature. the new jersey governor never seems to be at a loss for words when it comes to giving the gop some straight talk. >> we have lost two elections in a row. we need to be thinking about doi
, locked down that nomination over the treasury. jack lew remains at the top of the list. and over at the cia, of the list. and the cia, that vacancy, john brennan, the counterterrorism adviser, and michael morrel, on the short list. so the president has key positions to fill. and could be doing it this week. >> while i'm focused on you, i can't help but notice the stunning background. >> reporter: it is beautiful. >> all right, following the president. >>> two teens take a chance on a frozen lake and are lucky to escape with their lives, thanks to a nearby tree. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared informatio
should, have a relatively easy ride through its confirmation process. white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim guy earthquake in the current head of the treasury, smektsed to leave around the time of the inauguration. the void left by david petraeus as head of the cia could be filled by john brennan. he is currently a counterterrorism and homeland security adviser at the cia. >>> along with the new year comes new, higher prices, on all sorts of things. we will show you technology to help you save. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? to get our adt security system. and one really big reason -- the house next door. our neighbor's house was broken into. luckily, her family wasn't there, but what if this happened here? what if our girl
chenault plans to continue at american express. so, you can essentially scratch him off the list. jack lew who is the current chief of staff at the white house, is on the list for that job. and then finally the cia, john brennan, the president's adviser for homeland security, is on the short list, michael morell who is the acting director of the cia also on the list. so, the president has some important key positions to fill, and, again, we expect that that could start rolling out as early as next week, ashleigh. >> okay, dan. i hope you get some sunshine while you're there at least a little bit. dan lothian live for us. >> reporter: i hope so, too. >> in hawaii. it's a good assignment, you got to admit. >>> i want to take everybody to the big board, this is cold new york, and the dow is reading up a wee bit perhaps sense christine romans' report the dow reacted nicely, but we're at least out of negative territory albeit by just a fraction. i'll take you live to the new york stock exchange a little later on in this hour. >>> so, we've been hearing all along that former arizona congresswoma
house chief of staff jack lew is considered to be another choice for the job. at the cia john brennan, an acting cia director michael morell remain on a short list. history shows most presidents get the nominees they want, but in this political environment there's no guarantee. >> it used to be just be supreme court justices who inspired partisan free-for-alls. now it's bleeding down into a president's cabinet picks as well. >> some confirmations will be easier than others. if chuck hagel does get the nod, we expect that there will be continued resistance there. one of the picks for secretary of state, senator john kerry, his confirmation expected to be a smooth one. suzanne. >> i understand the president and white house reacting it to a december jobs report that came out today. we had 155,000 jobs added here, unemployment rate was unchanged however. do is the white house pleased with those numbers? >> reporter: to a point. i mean, the release from the white house similar to what we've seen over the last year when these job numbers come out is that they believe that the economy is mov
Search Results 0 to 15 of about 16 (some duplicates have been removed)

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